
In fact, market conditions have turned housing into a commodity. With 45%-50% of all transaction being distressed sales (Short Sales or REO), and with an oversupply of available housing relative to buyer demand levels, the market is clearly treating housing as a commodity and therefore it is about price. The statistics are clear on this. This is not an "agent" nor an "agency" situation. It is the reality of the current housing market. Our job is to clearly demonstrate this, in order for any seller to make the right decision for them -
The Market has now created the "three r's - reduce, rent, or remain the owner." we need to give them the information as clearly and professionally as possible, let them make the right decision for them, and move on from there.
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Such a timely post, and I hope everyone reads it. You put your finger on the main issue in the shift in real estate, too -- it's about the consumer, and not about agencies or agents, anymore.